May 2026 was the lowest May since 2019

Monthly Reg CF investment volume with a three-month moving average, January 2020 to June 2026

INVESTMENT VOLUME

Investment volume fell to $11.5 million before rebounding to $28.0 million in June.

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Period or category	Monthly volume	3-month average
Jan 2020	$13.7M	Not available
Feb 2020	$10.8M	Not available
Mar 2020	$9.2M	$11.2M
Apr 2020	$12.9M	$11.0M
May 2020	$15.5M	$12.5M
Jun 2020	$16.6M	$15.0M
Jul 2020	$19.5M	$17.2M
Aug 2020	$19.9M	$18.7M
Sep 2020	$20.6M	$20.0M
Oct 2020	$21.3M	$20.6M
Nov 2020	$20.8M	$20.9M
Dec 2020	$27.9M	$23.3M
Jan 2021	$28.3M	$25.7M
Feb 2021	$32.5M	$29.6M
Mar 2021	$58.5M	$39.8M
Apr 2021	$46.0M	$45.7M
May 2021	$35.1M	$46.6M
Jun 2021	$38.1M	$39.8M
Jul 2021	$37.9M	$37.1M
Aug 2021	$41.0M	$39.0M
Sep 2021	$43.4M	$40.8M
Oct 2021	$49.1M	$44.5M
Nov 2021	$49.0M	$47.2M
Dec 2021	$37.4M	$45.2M
Jan 2022	$35.3M	$40.6M
Feb 2022	$48.8M	$40.5M
Mar 2022	$37.5M	$40.5M
Apr 2022	$58.9M	$48.4M
May 2022	$30.4M	$42.3M
Jun 2022	$36.3M	$41.9M
Jul 2022	$25.8M	$30.9M
Aug 2022	$32.6M	$31.6M
Sep 2022	$31.2M	$29.9M
Oct 2022	$41.2M	$35.0M
Nov 2022	$26.3M	$32.9M
Dec 2022	$20.8M	$29.4M
Jan 2023	$22.8M	$23.3M
Feb 2023	$36.2M	$26.6M
Mar 2023	$35.1M	$31.4M
Apr 2023	$43.0M	$38.1M
May 2023	$39.4M	$39.2M
Jun 2023	$37.4M	$39.9M
Jul 2023	$29.4M	$35.4M
Aug 2023	$28.8M	$31.9M
Sep 2023	$48.5M	$35.6M
Oct 2023	$34.1M	$37.1M
Nov 2023	$35.3M	$39.3M
Dec 2023	$32.0M	$33.8M
Jan 2024	$22.3M	$29.8M
Feb 2024	$22.7M	$25.6M
Mar 2024	$43.0M	$29.3M
Apr 2024	$40.0M	$35.2M
May 2024	$26.8M	$36.6M
Jun 2024	$26.5M	$31.1M
Jul 2024	$22.4M	$25.2M
Aug 2024	$25.8M	$24.9M
Sep 2024	$31.1M	$26.4M
Oct 2024	$24.2M	$27.0M
Nov 2024	$30.9M	$28.7M
Dec 2024	$23.7M	$26.3M
Jan 2025	$31.5M	$28.7M
Feb 2025	$26.4M	$27.2M
Mar 2025	$44.1M	$34.0M
Apr 2025	$41.6M	$37.4M
May 2025	$24.9M	$36.9M
Jun 2025	$25.3M	$30.6M
Jul 2025	$34.9M	$28.4M
Aug 2025	$29.5M	$29.9M
Sep 2025	$34.5M	$32.9M
Oct 2025	$35.6M	$33.2M
Nov 2025	$22.1M	$30.7M
Dec 2025	$28.0M	$28.6M
Jan 2026	$24.3M	$24.8M
Feb 2026	$21.7M	$24.7M
Mar 2026	$27.3M	$24.4M
Apr 2026	$26.6M	$25.2M
May 2026	$11.5M	$21.8M
Jun 2026	$28.0M	$22.0M

Lens: INVESTMENT VOLUME (FLOW). Source: Kingscrowd data. Generated 2026-07-20. Investment volume is gross activity recorded by date and may include commitments later revised, canceled, refunded, or reclassified. Current public market series.